Monthly Archives: May 2017
Einhorn’s Greenlight Capital Said To Lose 1% in April
(FINalternatives) David Einhorn’s hedge fund Greenlight Capital reportedly dipped 1% in April, underperforming the 1.2% gained by the S&P 500 Total Return Index during the period. To read this article:
Fertitta Brothers Launch $500M Investment Fund
(FINalternatives) Fresh off their $4 billion sale of mixed martial arts promotion company UFC last year, the Fertitta brothers have launched a $500 million private investment firm that will focus on consumer-facing companies in the technology, media and entertainment sectors. […]
Court Dismisses Key Claims in Short-selling Conspiracy Case
(HFMWeek) A New Jersey court has dismissed the key statutory claims of collusion between short-selling hedge funds including Third Point and SAC Capital after an 11-year battle. In the Superior Court of New Jersey Appellate Division today, Judge Fisher dismissed […]
Hedge Funds Pile in to Long Bets on Bonds Just as Dangers Build
(Bloomberg) The fast money in the $14 trillion Treasuries market may turn out to be too slow. For the first time since July, hedge funds and other large speculators are bullish on Treasuries across the yield curve, U.S. Commodity Futures […]
John Paulson’s Fall From Hedge Fund Stardom
(New York Times) John A. Paulson is one of the best-known names in the hedge fund industry. But these days, Mr. Paulson is having more success in the political realm than he is managing his business. Mr. Paulson, 61, was […]
Trio of Banks Subpoenaed as Treasury Market Probe Continues
(FINalternatives) Several Wall Street banks were subpoenaed last month by U.S. federal prosecutors investigating possible manipulation in the $14 trillion U.S. Treasuries market. The banks include UBS, BNP Paribas and Royal Bank of Scotland, according to a Reuters article. To […]
Will Trump ‘Do a Big Number’ on the Big Banks?
(New York Times) For a brief moment, Wall Street stopped on Monday, as if time was suspended in an alternative reality. President Trump, for the first time as resident of the White House, said aloud that he was considering breaking […]
Theranos Settles Suits Accusing Startup of Duping Hedge Fund
(Bloomberg) Theranos Inc. agreed to settle an early investor’s claims that the embattled blood-testing firm misrepresented its performance and technology in order to raise more than $96 million in funding. Partner Management Fund LP will drop two lawsuits related to […]
CalSTRS Considering New Engagement Push
(Pension & Investments) The chief investment officer of the $202.1 billion California State Teachers’ Retirement System, West Sacramento, says the pension plan will be examining the merits of a new engagement program that would be internally managed and make direct […]
AllianceBernstein Refuses to Give Specifics on CEO’s Ouster
(New York Post) Here’s $99 million. Now get out. In a surprise move that left Wall street flummoxed, AllianceBernstein on Monday ousted Chairman and CEO Peter Kraus, who had led the firm for eights years, as well as all nine […]
Elliott Said to Meet BHP Investors as Fund Urges Overhaul
(Bloomberg) Elliott Management Corp. is meeting with BHP Billiton Ltd. shareholders in Australia as the activist investor urges BHP to overhaul its businesses….. To read this article:
SEC Charges EB-5 Operator With Securities Fraud
(HedgeCo.Net) The Securities and Exchange Commission today announced that an Idaho man has agreed to pay back several million dollars he siphoned away for personal use rather than investing it as promised to create U.S. jobs through the EB-5 Immigrant […]
